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BEIJING, May 28 -- China's economy can maintain a steady growth above 8 percent for a relatively long period because of a stable society, a vast market and ample capital, said Cheng Siwei, an economist and former vice chairman of the Standing Committee of the National People's Congress. "China's economy can stay in the fast developing track if we work hard and pay enough attention to existing problems," Cheng said at a three-day forum with the theme of "Economic globalization and the choice of Asia: transition, growth and welfare" Wednesday in Shanghai. "Social stability is crucial to economic development while China has a market of 1.3 billion people, which creates a huge consumption power," said Cheng. "Meanwhile, China's foreign reserves have reached US.68 trillion, and it has built up an ample capital pool." China also beefed up its efforts to improve education and expand its coverage, which paved the way for sustainable economic development, he said, but added that there were problems China could not afford to ignore. File photo of Cheng Siwei One of them was the yawning gap between the rich and the poor. The income of urban residents has tripled that of rural households while the purchasing power in cities was four times larger than that in rural areas. China faced increasing pressure to protect the environment and in securing raw materials and resources for its economy. It also lacks a large pool of senior professionals in finance and management. "For example, we buy a lot of the United States treasury bonds. It means appointing them (US bond managers) to manage our assets and we only gained a little bit of interest," said Cheng. "We are trying to work on such problems." Cheng estimated China's per capita GDP can reach US,000 by 2010, US,000 by 2020 and US,000 by 2049, given its economic expansion and a stronger yuan.
BEIJING, April 23 (Xinhua) -- Chinese Vice President Xi Jinping said here Wednesday that President Hu Jintao's upcoming visit to Japan would have a profound impact on bilateral strategic and reciprocal relations. "President Hu's trip is a great event in Sino-Japanese relations in the new period," Xi told visiting Yoshinobu Ishikawa, governor of Shizuoka Prefecture in Japan. Xi said this trip would promote mutual understanding and friendship as well as substantial cooperation between the two countries. He expected the two countries to seize the chance to become good neighbors and partners featuring peaceful existence, long-term friendship, reciprocal cooperation and common prosperity. Chinese Vice President Xi Jinping (R) shakes hands with visiting Yoshinobu Ishikawa(L), governor of Japan's Shizuoka Prefecture, in Beijing, April 23, 2008. Xi also hoped the two sides could strengthen the exchanges between their peoples and cities to enrich Sino-Japanese friendship and cement bilateral ties. Yoshinobu Ishikawa said the development of friendly relations with China conformed to the fundamental interests of the two peoples, adding that Shizuoka Prefecture would step up exchanges with China in different levels and areas.
BEIJING, May 31 (Xinhua) -- The 28-year-old policewoman Jiang Min has become a national model for her devotion to quake victims while her own mother and two-year-old daughter died in the devastating May 12 earthquake. Jiang was received by Zhou Yongkang, secretary of the Central Committee for Political and Legislative Affairs of the Communist Party of China (CPC), at Zhongnanhai, the leadership compound in downtown Beijing, on Saturday afternoon. Zhou Yongkang, secretary of the Central Committee for Political and Legislative Affairs of the Communist Party of China (CPC), shakes hands with the 28-year-old policewoman Jiang Min at Zhongnanhai, the leadership compound in downtown Beijing, May 31, 2008. Jiang Min has become a national model for her devotion to quake victims while her own mother and two-year-old daughter died in the devastating May 12 earthquake. (Xinhua Photo) Many police officers risked their own lives to save others and help suffering victims after the major quake, said Zhou, also a member of the Standing Committee of CPC Central Committee Political Bureau, "You are one of them. You have been on the frontline to assist quake victims when bearing great pains of losing the beloved. All of us should learn from you." A day after the quake, Jiang learnt that ten members of her family living in Beichuan county, one of the worst-hit areas, passed away including her only daughter. She was working as a police officer in the neighboring city Pengzhou. "I felt that the sky was falling. I can't believe that. I had just talked with my baby girl on phone a day ago," she once recalled the dark moment in an interview. But Jiang did not leave her post as more and more displaced people came to Pengzhou from quake-hit areas and the police had to help them settle down. In the week following the earthquake, she had worked at temporary shelter camps and barely slept until she fainted on the spot and was sent to hospital. Jiang has showed the best of Chinese police officers, Zhou said. He hoped that local police officers and those from other parts of China to assist quake relief would stick to such a noble spirit to work together and well serve their duty in a bid to help create a stable society in the quake-affected areas. Jiang said she would not fail the Party and people's expectation and work harder in her own post.